SSA Blog

More than 8 out of 10 owners and managers expect the industry to remain stable or improve in the upcoming year in four out of five regions. The single exception is the West Coast, where about three-fourths are bullish on the industry.

On June 30th, 2024 the SSA released early results from the SSA Industry Confidence Survey, conducted in May with self storage owners and managers. The summary concluded that operators had an optimistic outlook for the industry today and for the remainder of the year.

The SSA has a robust legislative agenda planned for 2023. In conjunction with state associations, SSA intends to pursue lien law amendments in California, the District of Columbia, Florida, Indiana, Kansas, Missouri, New Jersey, New Mexico, New York, Ohio, Oregon, Rhode Island, Virginia, Texas, and Wisconsin. Also, SSA intends to pursue a self storage lien law in Alaska – the last remaining state without such a law.

Cyber Risk Imagine business as usual at your self-storage facility...and then it happens. You or an employee clicks on a malicious link from a bad email or unsecured website that freezes your system’s data.

During the Spring of 2019, SSA and eTest partnered to develop a survey targeting the current status of hiring and retention in the self storage industry. Data was collected from nearly 500 participants of which approximately 20% were facility managers, 25% were facility owner operators, 23% were multiple owner operators and over 15% were either regional or national companies.

Search Engine Optimization (SEO) strategy used to be to focus on search engine rank and you’ll see more customers. Now things have flipped.

Reis expects supply conditions to ease towards the end of the year and into 2020. In the meantime, we are projecting rents for both climate controlled and non-climate controlled units to trend negative in 2019 and recover in 2020 and beyond.

Now at 326 million, the U.S. resident population grew by 2.3 million residents (or 0.7%) from July 1, 2016 to July 1, 2017. However, that increase did not start a new trend. In fact, the U.S. population has grown by approximately 2.3 million residents or 0.7% in each measured time period since 2010.

Most of us are familiar with The Four D’s, the long-running mnemonic device that explains the drivers of self-storage demand. For those unfamiliar, The Four D’s are death, divorce, dislocation…

During the course of my career, I have lived through a number of real estate cycles. I have seen the highs and lows from a number of different, unique perspectives: broker, developer, small portfolio manager and large portfolio owner just to name a few.